What are the Historical Developments and Current Growth Metrics of the Hair Growth Serum Market?
The hair growth serum market has seen considerable growth due to a variety of factors.
• The hair growth serum market has grown rapidly in recent years. It will increase from $1.71 billion in 2024 to $1.85 billion in 2025, with a compound annual growth rate (CAGR) of 8.4%.
Growth is attributed to a rise in hair loss and damage, greater awareness of hair health, increased disposable income, the development of organic and herbal products, and innovations in hair care.
What Does Future Hold for The Hair Growth Serum Market By 2029?
The hair growth serum market is expected to maintain its strong growth trajectory in upcoming years.
• The hair growth serum market is expected to grow strongly, reaching $2.52 billion by 2029 at a CAGR of 8.0%.
Growth drivers include the popularity of hair styling, demand for rejuvenation products, and the preference for natural ingredients. Trends will include organic formulations, innovation in hair care devices, and new product advancements.
What Are The Primary Growth Drivers In The Hair Growth Serum Market?
The increasing prevalence of hair loss is expected to propel the growth of the hair growth serum market. Hair loss, caused by factors like genetics, stress, and hormonal changes, is a common issue. Hair growth serums help by stimulating hair follicles and promoting healthier growth. For instance, the Hair Society reported in March 2022 that approximately 21 million women and 35 million men globally were affected by hair loss, with the UK experiencing about 8 million women and 6.5 million men suffering from it. This trend is expected to drive the growth of the hair growth serum market.
What Is The Segmentation Of The Global Hair Growth Serum Market?
The hair growth serum market covered in this report is segmented –
1) By Type: Without Silicone, With Silicone
2) By Application: Online Store, Specialty Shop, Supermarket, Other Applications
3) By End Use: Men, Women
Subsegments
1) By Without Silicone: Organic Hair Growth Serums, Herbal Hair Growth Serums
2) By With Silicone: Serums with Dimethicone, Serums with Cyclopentasiloxane, Serums with Amino Silicones
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How Are New Trends Impacting The Size Of The Hair Growth Serum Market?
In the hair growth serum market, leading firms are innovating reconditioning hair serums to combat hair fall, foster hair growth, and improve overall hair wellness. The term rejuvenating hair serum is utilized to specify a particular hair care product that is formulated to revitalize and ameliorate hair quality. For example, WETHRIVV, a wellness and fitness services organization based in the US, released the REVIVV Hair Growth Serum in February 2022. This serum, developed by physicians and scientists, aims to facilitate hair growth and enhance hair appearance. The product is an innovative non-toxic, medicine-free composite designed to augment the fullness, thickness, and health of hair. Various packages of the serum are available for both men and women, as endorsed by dermatologists and hair stylists. A user-friendly roller device can readily implement the serum, facilitating efficient delivery and absorption.
Who Are the Key Players In The Hair Growth Serum Market?
Major companies operating in the hair growth serum market are:
• L'Oréal S.A.
• Kao Corporation
• Wella AG
• Revlon Inc
• Aveda Corporation
• Hims & Hers Health Inc.
• Lanza
• Strength of Nature LLC
• Vegamour Inc.
• iRestore
• Artnaturals Co.
• Nutraceutical Wellness Inc.
• Kerotin Inc.
• Eufora International
• Keranique
• DS Healthcare Group Inc.
• BosleyMD
• DrFormulas LLC
• Nulastin Inc.
• Ustra LLC
• Finally Hair
• Luseta Beauty Inc.
• Pura d'Or
• Briogeo Hair
• TreeActiv
What Are The Regional Insights Into The Hair Growth Serum Market?
North America was the largest region in the hair growth serum market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hair growth serum market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
